TienPhongBank and FPT University provide financial support to students

FU will provide TienPhongBank with a list of outstanding students and the Bank will lend them to pay for tuition fee. The students do not have to pledge any collateral with the Bank, as the University commit to guarantee these loans for supporting students in their studies. FPT Corporation will definitely welcome these outstanding students to work for the company after their graduation.

In Phase I of the scheme, over 200 loan applications have already been approved with total sum of approximately VND 22 billion, which will be disbursed within 4 years.

This preferential credit scheme allows the students to borrow up to 90% of the total tuition fee amount of the remaining college years. The maximum loan tenor is 15 years including grace period. Students do not have to repay the loans until they have graduated from FU. In addition, students will enjoy the preferential interest rate, which is 1% lower than the Bank’s standard loan interest rate. The loan interest is calculated on reducing balance basis.